April 2023

Amazon’s Q1 Earnings Report Exceeds Expectations, Shares Jump Over 7 Percent

Last Updated: April 28, 2023, 02:23 IST CEO Andy Jassy in March laid out a plan to cut 9,000 more jobs from the online retail giant’s workforce, following the 18,000 that were axed in January. (File Photo) Amazon reported a profit of $3.2 billion on sales that climbed 9 percent to $127.4 billion in the …

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India’s Smartphone Shipments Report Highest Ever Q1 Decline: Counterpoint

India’s smartphone shipments dipped to about 31 milion units in the January-March quarter, thereby recording the steepest fall of 19 percent in the first quarter on year-over-year basis, market research firm Counterpoint said on Thursday. Mobile phones priced below Rs. 30,000 apiece recorded a sharp decline while shipment in the premium and ultra premium category …

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How Cloud Gaming Led to the UK Blocking Microsoft’s Activision Deal

For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion (roughly Rs. 5,64,700 crore) deal raised by Britain’s Competition and Markets Authority (CMA), which has been …

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Apple, Android Rivals Q1 2023 Smartphone Sales Drop in China: All Details

Apple and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts following the lifting of COVID-19 restrictions. The iPhone maker was the top-selling brand over the first three months of the year, with 20 percent market share. But its …

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RBI’s CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank

Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank’s e-Rupee …

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Alibaba Cloud Cuts Prices By Up To 50% For Core, Storage Products

Registrations for the service were opened earlier in April. Ecommerce and tech giant Alibaba’s cloud computing division will cut prices for its products and services by up to 50% starting Wednesday, stepping up efforts to fight for a bigger slice of China’s cloud market amid rising competition. E-commerce and tech giant Alibaba’s cloud computing division …

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Asus ROG Ally Confirmed to Use New AMD Ryzen Z1 Series CPU With RDNA3 GPU

AMD has officially announced its heavily rumoured Ryzen Z1 series of ultra-low-power CPUs for handheld computers, including gaming devices. The new processors are based on the same Zen 4 core architecture as the current-gen Ryzen 7000 series desktop CPUs, and will feature integrated RDNA3 graphics cores, which the Radeon RX 7000 series GPUs are built around. …

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